Amount minimum borrowed
I’m just starting and only looking for a small amount of $500, I don’t want to go way overboard right away. Is it possible to get a loan for $500? I’m pretty new to PayPal as well though.
If $500 is all you need to get started, you may be better off just borrowing on a business credit card or asking a friend or family member for a loan. That can allow you to get your business started. Once you’ve been in business for a few months, then you consider borrowing money through PayPal Working Capital or another lender.